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BSR – blind shear rams (blowout preventer) BSML – below sea mean level; BS&W – basic sediments and water; BT – buoyancy tank; BTEX – benzene, toluene, ethyl-benzene and xylene; BTHL – bottom hole log; BTO/C – break to open/close (valve torque) BTU – British thermal units; BTU – Board of Trade Unit (1 kWh) (historical) BU ...
BSR may refer to: Backslash-R, a class of options in Perl Compatible Regular Expressions; Basrah International Airport, IATA code; Vasai Road railway station, Mumbai ...
FDP – Finance Department; FIFO – First In, First Out; FinMin – Finance Minister; Fin Min – Finance Minister; FIX – Financial Information Exchange; FL – Financial leverage; FNF – Full and Final; FOB – Freight On Board; FOMC – Federal Open Market Committee; FOC – Free Of Cost; FP&A – Financial Planning & Analysis; FPO ...
GISB—Gas Industry Standards Board (now NAESB) (US) (natural gas) GLDF—Generator to Load Distribution Factor. See Load balancing (electricity) Gm 3 —Billion cubic metres (measurement – gas) GMO—Genetically modified organism; GMP—Green Mountain Power (US) (electricity) GNP—gross national product (economics)
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Welfare economics is a branch of economics that uses microeconomic techniques to evaluate economic well-being, especially relative to competitive general equilibrium, with a focus on economic efficiency and income distribution. [13] In general usage, including by economists outside the above context, welfare refers to a form of transfer payment ...
Economists may regard the manufacture of vehicles as a foundational industry and as a bellwether industry. [1] In macroeconomics, an industry is a branch of an economy that produces a closely related set of raw materials, goods, or services. [2] For example, one might refer to the wood industry or to the insurance industry.
James Stuart (1767) authored the first book in English with 'political economy' in its title, explaining it just as: . Economy in general [is] the art of providing for all the wants of a family, so the science of political economy seeks to secure a certain fund of subsistence for all the inhabitants, to obviate every circumstance which may render it precarious; to provide everything necessary ...